World Bank Issues a 5 million USD Callable Step-Up Green Bond

Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), announced a USD 5 million 10-year callable step-up green bond. This green bond was lead managed by J.P. Morgan (JPM) which has underwritten $565 million in IBRD green bonds to date.

With today’s issue, the World Bank has now raised over USD 6.7 billion equivalent through 70 green bonds in 17 currencies, since its inaugural green bond in 2008.

World Bank Green Bonds offer an opportunity for investors to support environmental solutions through a high grade fixed income investment. World Bank Green Bonds benefit from the triple-A credit strength of the World Bank and provide comparable returns to other World Bank bonds. World Bank Green Bonds raise funds for projects seeking to mitigate climate change or help affected people adapt to it. Examples of the types of projects supported by World Bank Green Bonds include renewable energy installations, energy efficiency projects, and new technologies in waste management and agriculture that reduce greenhouse gas emissions and help finance the transition to a low carbon economy. They also include financing for forest and watershed management and infrastructure to prevent climate-related flood damage and build climate resilience.

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944. It operates as a global development cooperative owned by 188 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 60 years to fund its activities that achieve a positive impact.

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $21.7 trillion of assets under custody and $403 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Risk Disclosure: Finances.com will not accept any liability for loss or damage as
a result of reliance on the information contained within this website including
data, quotes, charts and buy/sell signals. Please be fully informed regarding the
risks and costs associated with trading the financial markets, it is one of the
riskiest investment forms possible. Currency trading on margin involves high
risk, and is not suitable for all investors. Before deciding to trade foreign
exchange or any other financial instrument you should carefully consider your
investment objectives, level of experience, and risk appetite.